The target revenue for 2009 will have to be $9167. That is 10% more of $8334. Based on the year-to-year percentage annual growth rate, it is unlikely that the company is going to be able to achieve their sales goal. In 2008, the company had a significantly large growth rate. They had a small growth rate, which was a little over 2% of the 10% goal and 2005 and a relatively strong negative percentage during 2006 and 2007. The trend in sales is pointing at a downward arrow. Since the year 2005, the average growth rate has been -3.15% over the past four years. Based on the financial data sheet, I do not believe that the company will be able to reach a 10% sales goal and 2009.
Feb 22nd, 2015
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